Crypto lounge thread

CERN

Pigeon
Hyper inflation occurs when there's a significant devaluation of currency, mostly over a short period of time.

The argument for hyper inflation occuring rests on two basic principles: Stimulus and velocity of money.

Stimulus = money priniting; i.e. stimulus checks.
Velocity of money = when you get money, you might go out and spend that money, velocity of money refers to how many times that money changes hands, before being saved or invested. The velocity of money at the moment is historically low, which implies inflation. People aren't spending money, they aren't driving up prices, as a result inflation currently is kept under. With it being historically low the assumption is when people go out and spend their money similar to when they did in 2019 and with more money being printed, then you end up with more inflation; i.e. there's more money in circulation which in the future could drive up inflaiton. It rests on the premise that the central bank hasn't already anticiapted this and that the Fed is just going to let this happen with runaway inflation. In reality as soon as inflation pressure peaks up the Fed would raise interest rates.

Lastly for this all to occur the Fed would not raise interest rates if the economy is still relatively shaky still; i.e. if buisness have all time high debt or if individuals have significant debt loads. Raising interest rates keeps a wrap on inflation because then people have an incentive to invest their money rather than spending it so price pressure ends up being a little bit lower. Increased interest rates help to combat some of that inflation and increased interest rates are ultimately going to drive down growth in the long term because its going to be more expensive for companies to go out and borrow money.

Now, does this argument overall hold any water? The Fed has probably taken all of these issues into account.

The question becomes absent the inflation do governments have any way to pay back their enourmous debt loads? There's no sign to the solution other than holding strong to the national currency and continue kicking the can down the road so to speak. Eventually inflation occurs if there's no stability. You wreck the currency when you destroy the stability and undermine the currency, which is what crypto does.

Hyper inflation, can it be stopped? What causes it? It's caused by a lose of trust in the money. When people lose trust in their currency they start to get rid of it.

Yet lets backtrack a little.

What do people do first when they have a lot of money? Anyone know? Any takers?

They save it, they hold onto it. Which does what?

It causes a depression.

After they don't trust it, they get rid of it as fast as they can. $100 doing the work of $1,000. The velocity gets quicker and quicker. And then governments lose control. At that point you may find yourself moving into hyper inflation. Certaintly very high inflation at very least. Its not just a function of supply, its a function of demand. At a certain point, at a tipping point confidence is lost, the demand for that currency goes down, and they spend it.

What's not clear is at what point does peoples confidence in their currency dissappear? Is it at an inflational rate of 5%, 7%, 10%, 100%?

Ultimately hyper inflation is an occurance resulting in distrust of the currency itself. Essentially pseduo-hyper inflation triggers 'real' hyper inflation, if you can even call it that. If you don't believe in your currency you undermine the integrity of the country on a whole.

When you destroy a currency you destroy a country. it becomes a lose of trust.
 
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CERN

Pigeon
Since nobody knows what will hold value a diversified strategy is correct: gold/silver, real estate, crypto, stocks and commodities.
Cyrpto/Bitcoin is overvalued.

Buffet agrees:

"Cryptocurrencies basically have no value and they don't produce anything. They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem. In terms of value: zero." - CNBC, 2/2020

"It's ingenious and blockchain is important but Bitcoin has no unique value at all, it doesn't produce anything. You can stare at it all day and no little Bitcoins come out or anything like that. It's a delusion basically." - CNBC, 2/2019

"If you and I buy various cryptocurrencies, they're not going to multiply. There are not going to be a bunch of rabbits sitting there in front of us. They're just going to sit there. And I gotta hope next time you get more excited after I've bought it from you and then I'll get more excited and buy it from you. We could sit in the house by ourselves and we could keep running up the price between us. But at the end of the time there's one Bitcoin sitting there and now we've gotta find somebody else. They come to an end." - CNBC, 5/2018

Even Musk regards the prices as being speculative.

An ETF or stocks are slightly inflation protected because as inflation goes up, earnings go up; i.e. dividends are more inflation protected than much fixed income. Regardless you get the point.
 

CERN

Pigeon
Getting out of the dollar is an obvious good move. Since nobody knows what will hold value a diversified strategy is correct: gold/silver, real estate, crypto, stocks and commodities.
'Diversified strategy' is like being a citizen of the U.S. and Europe and China all at the same time and supporting all of them. You can't literally be in two or three places at once. You were born a citizen of a nation, you should be supporting that nation's currency, unless you're on the side of WEF and want a global currency?

I'm a U.S. citizen, therefore I promote the dollar. And the dollar (as well as the English language) is the dominant ecnomic driving force in the world. If you want your country to succeed you hold fast to it's currency.

The dollar holds value.

As already indicated crypto is absolutely worthless.

Stocks & commodities are not the same as national currencies.

The rich get richer and the poor get poorer. Nothing new there, but it should be noted that if the U.S. made smarter economic policies (espcially against monopolies) then there would be more wealth spread to more individuals, rather than the massive wealth centralization which has occured. Point being just because the Fed is prinitng more money and the rich are hyper wealthy doesn't mean you abandon the currency, it means you alter economic policies, not throw out the currency.

I.e. simply by breaking up monopolies and having more antitrust legislation. Having economic activity decentralized among many different industries is better for the economy than having one or a few large players in an industry. In no way should you abandon the currency though.

Crypto is the low-hanging fruit which technocrate oligarches are serving to the unemployed, disenfranchised, middle-age and younger men in order to lure them away from how real economies operate; which is that they should be creating wealth. In other words buisness creation and the creation of real wealth.

The claim that one should 'diversify' in crypto is a lie, because as stated you can't have alligence with multiple countries who all have different ecnonmic policies. Cyrpto is a form of anti-nationalism and enslavement to an imaginary currency. Those who value freedom see crypto as a 'win' because they believe they are now untied from Federal enslavement of currency. Yet, they don't relize they can't be their own kings and that crypto is being used against them.

'Freedom in it's many forms, is found in unision of ideologies; i.e. national currency in this case, not global currency (or pseduo-global-currency - crypto). Those who invest in crypto are almost always (if not exclusively) individuals who don't like big government and are more prone to seeking 'freedom' from government regulations. Nothing wrong with that generally speaking, yet crypto has co-opted these individuals with an illusionary 'freedom'. You're more 'free' economically when everyone is on the same page and playing by the same rules, not when you think you think playing 'outside' baseball is a smarter alternative, because it's not, and being a non-conformist is still a conformist and those who are non-confromist (in this case economic liberatrians espcially but also disenfranchised middle-age and younger men) have been co-opted via the technocrate if you are buying into crypto.
 
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CERN

Pigeon
Ask yourself why Musk and the oligarchs and elites are obsessively pushing Bitcoin and crypto's? Well? Do you think they're doing it because they love the dollar?

If you use crypto your in the pocket of the WEF, plain and simple.

Anyone use 'Brave' Browser? Anyone know what it even is? Notice how they're obsessively pushing crypto into everyone's face. Why? To hurt themsleves? No to capitalize off of potentially triggering hyper inflation most likely via devaluation of national currency.

Ultimately you gain control over a country when you destroy it's economy and then provide a new 'stable' order in its place.

The hyper inflation in the Weimar Republic is a good example obviously and probably tied to their global economic reset ideas, if not their playbook entirely in some ways.

If you're unaware of the topic I wouldn't be surprised but its historically monumental and significant to the current times.

"Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. It caused considerable internal political instability in the country, the occupation of the Ruhr by France and Belgium as well as misery for the general populace."

When the dollar was worth about 100 million marks, no was was taking it anymore. Different attempts were made to try different forms of currency that the people would accept. They almost had enough gold in Germany to back a new currency. After bringing in the Rentenmark (which was based on gold, but they didn't really have enough), it was based on the national value of land. But because people were in such despair they were prepared to believe in this new currency.

The Reichsbank (the central bank) stopped discounting treasury notes which stopped the inflation. The Rentenmark went on for about another year before the Reichsmark was brought in.

Mark went to the Rentenmark which went to the Reichsmark.

The effect of the Rentenmark and having a currency everyone believed in is impressive. Incredibly impressive actually. Because people believed in it food started coming into the country again, farmers were prepared to accept the Rentenmark in exchange for the food. The problem in the towns was nobody could afford to pay for it because they lost all their money, but at least they believed this was a basis on which something could be done. The revolutionary movements taking place more or less ceased and so they were able to grow again. Unemployment got much worse, but in a couple years the German economy was being constructed and working. Though it has to be said in the process of all of this a lot of people were ruined and democracy got a bad name in Germany which essentially allowed a demagogue ten years later to take over.

The moral of the story is the value of a currency is very much tied to the perception of it's worth which is very much reliant upon group think and national identity.

The only thing which may come even close to having somekind of 'true' intrinsic value would be silver. Mostly because of its chemical properties. You can do alot with it 'in nature'. In other words if you had to actually survive in the wild silver is actually practical in certain instances.

Regardless a currency's 'worth' is fiat and doesn't have any intrinsic value whatsoever. Bitcoin is by far and away maybe the biggest monetary scam probably ever honestly.

And so for all intents and purposes hyper inflation occurs via the perception of the masses. The dollar is strong plain and simple. Even with hyper centralized wealth and oligarchs massive control infrastrcuture they've implemented, honestly in the U.S. if some laws were actually enforced we'de be in much better economic shape and many many problems would be resolved. The solution though requires actual national identity and it also requires massive production. The two party system in the U.S. sadly is setup in such a way which undermines itself in this regards. The partial illusions of democracy as solving all problems and then after the country ineivtablly fails and if through hyper inflation people will just want somekind of basic 'order' within the 'chaos'. Thus enters the tyrant and or dictator. Because of populism demanding somekind of 'solution' to the inevitable debt which the central banks have left to the masses the mob group think will allow a monster to rule if he appeals to their sympathies and provide some semblance of 'order'.

Anyways it's a sad story on repeat which actually doesn't have to happen.

What the oligarchs and elites and or WEF / NWO want is divide and conquer and to devalue the currency so that a demagogue can jump in once all goes to hell. And so what is a patriot to do? Well, you don't go against your country for one. And secondly you don't play into the media political circus arena sideshow. Divide and conquer works so well sadly because of the two party system. It's built on binary opposites, it's not meant to work in harmony.

What's probably going to happen is at some point (maybe, who knows)is they're going to try to trigger some sort of hyper inflaiton of some kind. They've already sent out the 'oracle' Michael Burry who recently mentioned of all things the Weimar Hyper Inflation. We should believe the 'oracle' right? A man who was propelled via Hollywood seems suspicious in my eyes.

The point is if the oligarchs and central banks actually think they have no way out of paying the national debt (which I don't think they think they can pay it) then they'll most likely try to create a buzz around hyper inflation. What do I mean by this? I mean via scare tactics the media is probably going to play up at some point to artifically crash the dollar, when no crash is present, to trigger an actual crash. Do you see the point? They generated an artifical virus which shut down the entire world. They know they can create artifical perception well enough to create an illusionary crash in order to create an actual crash.

Do I want this? No. But I don't like hearing false prophet oracles like Micahel Burry getting put on Fox News acting like he's some kind of visionary. He's not nessecarrilly wrong, but he's also not nessecarrily correct either. Because the way hyper inflation actually happens is when perception triggers the masses to throw their money out the window. Point is, it happens when people give up on the money itself. The Germans actually held onto their money for quite a long time, much longer than you would think, which proves the national currency can outlast pseduo inflation. Not to mention were already trillions in debt. They thought hyper inflation would occur 10 years ago and it hasn't. Again, for the record, it occurs when the perception of the money isn't there anymore. So when they tell you hyper inflation is occuring I personally won't believe them because I would not be surprised if it's part of their game to try to trigger it in the process.
 
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JohnKreese

Pelican
Cyrpto/Bitcoin is overvalued.

Buffet agrees:
photo4jpg.jpg


I mean, if Buffet says so, I guess its settled. Case CLOSED on crypto!
 
Ask yourself why Musk and the oligarchs and elites are obsessively pushing Bitcoin and crypto's? Well? Do you think they're doing it because they love the dollar?

If you use crypto your in the pocket of the WEF, plain and simple.

Anyone use 'Brave' Browser? Anyone know what it even is? Notice how they're obsessively pushing crypto into everyone's face. Why? To hurt themsleves? No to capitalize off of potentially triggering hyper inflation most likely via devaluation of national currency.

Ultimately you gain control over a country when you destroy it's economy and then provide a new 'stable' order in its place.

The hyper inflation in the Weimar Republic is a good example obviously and probably tied to their global economic reset ideas, if not their playbook entirely in some ways.

If you're unaware of the topic I wouldn't be surprised but its historically monumental and significant to the current times.

"Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. It caused considerable internal political instability in the country, the occupation of the Ruhr by France and Belgium as well as misery for the general populace."

When the dollar was worth about 100 million marks, no was was taking it anymore. Different attempts were made to try different forms of currency that the people would accept. They almost had enough gold in Germany to back a new currency. After bringing in the Rentenmark (which was based on gold, but they didn't really have enough), it was based on the national value of land. But because people were in such despair they were prepared to believe in this new currency.

The Reichsbank (the central bank) stopped discounting treasury notes which stopped the inflation. The Rentenmark went on for about another year before the Reichsmark was brought in.

Mark went to the Rentenmark which went to the Reichsmark.

The effect of the Rentenmark and having a currency everyone believed in is impressive. Incredibly impressive actually. Because people believed in it food started coming into the country again, farmers were prepared to accept the Rentenmark in exchange for the food. The problem in the towns was nobody could afford to pay for it because they lost all their money, but at least they believed this was a basis on which something could be done. The revolutionary movements taking place more or less ceased and so they were able to grow again. Unemployment got much worse, but in a couple years the German economy was being constructed and working. Though it has to be said in the process of all of this a lot of people were ruined and democracy got a bad name in Germany which essentially allowed a demagogue ten years later to take over.

The moral of the story is the value of a currency is very much tied to the perception of it's worth which is very much reliant upon group think and national identity.

The only thing which may come even close to having somekind of 'true' intrinsic value would be silver. Mostly because of its chemical properties. You can do alot with it 'in nature'. In other words if you had to actually survive in the wild silver is actually practical in certain instances.

Regardless a currency's 'worth' is fiat and doesn't have any intrinsic value whatsoever. Bitcoin is by far and away maybe the biggest monetary scam probably ever honestly.

And so for all intents and purposes hyper inflation occurs via the perception of the masses. The dollar is strong plain and simple. Even with hyper centralized wealth and oligarchs massive control infrastrcuture they've implemented, honestly in the U.S. if some laws were actually enforced we'de be in much better economic shape and many many problems would be resolved. The solution though requires actual national identity and it also requires massive production. The two party system in the U.S. sadly is setup in such a way which undermines itself in this regards. The partial illusions of democracy as solving all problems and then after the country ineivtablly fails and if through hyper inflation people will just want somekind of basic 'order' within the 'chaos'. Thus enters the tyrant and or dictator. Because of populism demanding somekind of 'solution' to the inevitable debt which the central banks have left to the masses the mob group think will allow a monster to rule if he appeals to their sympathies and provide some semblance of 'order'.

Anyways it's a sad story on repeat which actually doesn't have to happen.

What the oligarchs and elites and or WEF / NWO want is divide and conquer and to devalue the currency so that a demagogue can jump in once all goes to hell. And so what is a patriot to do? Well, you don't go against your country for one. And secondly you don't play into the media political circus arena sideshow. Divide and conquer works so well sadly because of the two party system. It's built on binary opposites, it's not meant to work in harmony.

What's probably going to happen is at some point (maybe, who knows)is they're going to try to trigger some sort of hyper inflaiton of some kind. They've already sent out the 'oracle' Michael Burry who recently mentioned of all things the Weimar Hyper Inflation. We should believe the 'oracle' right? A man who was propelled via Hollywood seems suspicious in my eyes.

The point is if the oligarchs and central banks actually think they have no way out of paying the national debt (which I don't think they think they can pay it) then they'll most likely try to create a buzz around hyper inflation. What do I mean by this? I mean via scare tactics the media is probably going to play up at some point to artifically crash the dollar, when no crash is present, to trigger an actual crash. Do you see the point? They generated an artifical virus which shut down the entire world. They know they can create artifical perception well enough to create an illusionary crash in order to create an actual crash.

Do I want this? No. But I don't like hearing false prophet oracles like Micahel Burry getting put on Fox News acting like he's some kind of visionary. He's not nessecarrilly wrong, but he's also not nessecarrily correct either. Because the way hyper inflation actually happens is when perception triggers the masses to throw their money out the window. Point is, it happens when people give up on the money itself. The Germans actually held onto their money for quite a long time, much longer than you would think, which proves the national currency can outlast pseduo inflation. Not to mention were already trillions in debt. They thought hyper inflation would occur 10 years ago and it hasn't. Again, for the record, it occurs when the perception of the money isn't there anymore. So when they tell you hyper inflation is occuring I personally won't believe them because I would not be surprised if it's part of their game to try to trigger it in the process.
Government regulation from around the world is saying crypto currencies are securities just like shares, bonds etc.

So there will be no competition of cryptos with the dollar.....the dollar is here to stay.
 

bucky

Ostrich
The dollar is strong plain and simple. Even with hyper centralized wealth and oligarchs massive control infrastrcuture they've implemented, honestly in the U.S. if some laws were actually enforced we'de be in much better economic shape and many many problems would be resolved. The solution though requires actual national identity and it also requires massive production.
I'm no expert, but it sounds like you're saying "USD is strong for now." We don't have a national identity or massive production anymore. What seems more important to me is that your analysis didn't even mention the trillions just created out of thin air over the last year. How the USD stays strong with that on top of everything else, I don't get. Don't get me wrong, I know smart people who believe, as you seem to, that it will, but...I don't know man.

I just jumped into crypto with the latest FOMO in the last couple months and think it will do well over the next year or so, but who knows. Anything could happen.
 

BillMcNeal

Sparrow
I'm no expert, but it sounds like you're saying "USD is strong for now." We don't have a national identity or massive production anymore. What seems more important to me is that your analysis didn't even mention the trillions just created out of thin air over the last year. How the USD stays strong with that on top of everything else, I don't get. Don't get me wrong, I know smart people who believe, as you seem to, that it will, but...I don't know man.

I just jumped into crypto with the latest FOMO in the last couple months and think it will do well over the next year or so, but who knows. Anything could happen.
Exactly my take. Belief in the US dollar seems unhinged from reality after the last year (and really last several). The nation is over $20 trillion in debt (closing in on $30T), not even counting social security and medicare obligations. The only way it survives is some sort of reset, either via hyperinflation or an orchestrated reset likely involving cryptocurrencies in some form (CBDCs obviously, but perhaps some current coins for sale now).
 

bucky

Ostrich
Exactly my take. Belief in the US dollar seems unhinged from reality after the last year (and really last several). The nation is over $20 trillion in debt (closing in on $30T), not even counting social security and medicare obligations. The only way it survives is some sort of reset, either via hyperinflation or an orchestrated reset likely involving cryptocurrencies in some form (CBDCs obviously, but perhaps some current coins for sale now).
Yes, it's felt like the USD has been horribly mismanaged for years, probably at least my entire life, but this last year with trillions blithely created for "stimulus" with no thought of the future feels like the final nail in the coffin. You have countries out there like Russia, China, Iran, and Brazil desperately trying to figure out how to replace the USD as the world reserve currency, and once they do we are in trouble. Fortunately they've had their economic and corruption problems too, otherwise they'd have already done it, but it just feels like a matter of time and like we just handed them the opportunity.

That said, if things are still more-or-less the same economically in a few years, the USD is still strong and crypto and silver haven't gone anywhere, I might have to admit that the crowd who's saying the USD is basically the invincible Superman of currencies and can be manipulated like this forever could be right.
 

BillMcNeal

Sparrow
Yes, it's felt like the USD has been horribly mismanaged for years, probably at least my entire life, but this last year with trillions blithely created for "stimulus" with no thought of the future feels like the final nail in the coffin. You have countries out there like Russia, China, Iran, and Brazil desperately trying to figure out how to replace the USD as the world reserve currency, and once they do we are in trouble. Fortunately they've had their economic and corruption problems too, otherwise they'd have already done it, but it just feels like a matter of time and like we just handed them the opportunity.

That said, if things are still more-or-less the same economically in a few years, the USD is still strong and crypto and silver haven't gone anywhere, I might have to admit that the crowd who's saying the USD is basically the invincible Superman of currencies and can be manipulated like this forever could be right.
Right, and that's why I mentioned CBDCs (Central Bank Digital Currencies). Many, maybe most, central banks, including the Fed, are well into exploring them. They're basically just a crisis away from forcing them on everyone. Depending on how they're implemented, they might very well solve the problems we face and strengthen the USD. So it'll still be the USD, only it won't, if that makes any sense. Most cryptos in that situation will likely go to zero, either via legislation, enforcement, or abandonment in the face of the first two. But cryptos with utility to the Central Banks (interledger protocols for example) will likely stick around and even thrive.
 

Dr Mantis Toboggan

Kingfisher
Gold Member
Ask yourself why Musk and the oligarchs and elites are obsessively pushing Bitcoin and crypto's? Well? Do you think they're doing it because they love the dollar?

If you use crypto your in the pocket of the WEF, plain and simple.

Anyone use 'Brave' Browser? Anyone know what it even is? Notice how they're obsessively pushing crypto into everyone's face. Why? To hurt themsleves? No to capitalize off of potentially triggering hyper inflation most likely via devaluation of national currency.

Ultimately you gain control over a country when you destroy it's economy and then provide a new 'stable' order in its place.

The hyper inflation in the Weimar Republic is a good example obviously and probably tied to their global economic reset ideas, if not their playbook entirely in some ways.

If you're unaware of the topic I wouldn't be surprised but its historically monumental and significant to the current times.

"Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. It caused considerable internal political instability in the country, the occupation of the Ruhr by France and Belgium as well as misery for the general populace."

When the dollar was worth about 100 million marks, no was was taking it anymore. Different attempts were made to try different forms of currency that the people would accept. They almost had enough gold in Germany to back a new currency. After bringing in the Rentenmark (which was based on gold, but they didn't really have enough), it was based on the national value of land. But because people were in such despair they were prepared to believe in this new currency.

The Reichsbank (the central bank) stopped discounting treasury notes which stopped the inflation. The Rentenmark went on for about another year before the Reichsmark was brought in.

Mark went to the Rentenmark which went to the Reichsmark.

The effect of the Rentenmark and having a currency everyone believed in is impressive. Incredibly impressive actually. Because people believed in it food started coming into the country again, farmers were prepared to accept the Rentenmark in exchange for the food. The problem in the towns was nobody could afford to pay for it because they lost all their money, but at least they believed this was a basis on which something could be done. The revolutionary movements taking place more or less ceased and so they were able to grow again. Unemployment got much worse, but in a couple years the German economy was being constructed and working. Though it has to be said in the process of all of this a lot of people were ruined and democracy got a bad name in Germany which essentially allowed a demagogue ten years later to take over.

The moral of the story is the value of a currency is very much tied to the perception of it's worth which is very much reliant upon group think and national identity.

The only thing which may come even close to having somekind of 'true' intrinsic value would be silver. Mostly because of its chemical properties. You can do alot with it 'in nature'. In other words if you had to actually survive in the wild silver is actually practical in certain instances.

Regardless a currency's 'worth' is fiat and doesn't have any intrinsic value whatsoever. Bitcoin is by far and away maybe the biggest monetary scam probably ever honestly.

And so for all intents and purposes hyper inflation occurs via the perception of the masses. The dollar is strong plain and simple. Even with hyper centralized wealth and oligarchs massive control infrastrcuture they've implemented, honestly in the U.S. if some laws were actually enforced we'de be in much better economic shape and many many problems would be resolved. The solution though requires actual national identity and it also requires massive production. The two party system in the U.S. sadly is setup in such a way which undermines itself in this regards. The partial illusions of democracy as solving all problems and then after the country ineivtablly fails and if through hyper inflation people will just want somekind of basic 'order' within the 'chaos'. Thus enters the tyrant and or dictator. Because of populism demanding somekind of 'solution' to the inevitable debt which the central banks have left to the masses the mob group think will allow a monster to rule if he appeals to their sympathies and provide some semblance of 'order'.

Anyways it's a sad story on repeat which actually doesn't have to happen.

What the oligarchs and elites and or WEF / NWO want is divide and conquer and to devalue the currency so that a demagogue can jump in once all goes to hell. And so what is a patriot to do? Well, you don't go against your country for one. And secondly you don't play into the media political circus arena sideshow. Divide and conquer works so well sadly because of the two party system. It's built on binary opposites, it's not meant to work in harmony.

What's probably going to happen is at some point (maybe, who knows)is they're going to try to trigger some sort of hyper inflaiton of some kind. They've already sent out the 'oracle' Michael Burry who recently mentioned of all things the Weimar Hyper Inflation. We should believe the 'oracle' right? A man who was propelled via Hollywood seems suspicious in my eyes.

The point is if the oligarchs and central banks actually think they have no way out of paying the national debt (which I don't think they think they can pay it) then they'll most likely try to create a buzz around hyper inflation. What do I mean by this? I mean via scare tactics the media is probably going to play up at some point to artifically crash the dollar, when no crash is present, to trigger an actual crash. Do you see the point? They generated an artifical virus which shut down the entire world. They know they can create artifical perception well enough to create an illusionary crash in order to create an actual crash.

Do I want this? No. But I don't like hearing false prophet oracles like Micahel Burry getting put on Fox News acting like he's some kind of visionary. He's not nessecarrilly wrong, but he's also not nessecarrily correct either. Because the way hyper inflation actually happens is when perception triggers the masses to throw their money out the window. Point is, it happens when people give up on the money itself. The Germans actually held onto their money for quite a long time, much longer than you would think, which proves the national currency can outlast pseduo inflation. Not to mention were already trillions in debt. They thought hyper inflation would occur 10 years ago and it hasn't. Again, for the record, it occurs when the perception of the money isn't there anymore. So when they tell you hyper inflation is occuring I personally won't believe them because I would not be surprised if it's part of their game to try to trigger it in the process.

I'm definitely more patriotic/boomercon compared to most here but how exactly is investing in crypto somehow selling out your country? I want the United States to succeed, but I also a) want my family to be able to survive with a reasonable quality of life if its currency tanks and b) would like to build independent generational wealth in order to free myself from the globohomo corporate system, and right now smart crypto investing is one of the best ways for men under about 50 or so to do that.
 

CERN

Pigeon
I mean, if Buffet says so, I guess its settled. Case CLOSED on crypto!
Ha. Yeah using the authority on the topic of money is such a dumb idea, right, right?

The point was/is about generating wealth, apparently you missed it or I didn't describe it clear enough. What wealth is crypto generating? You drive up the prices but you're left with nothing, it's idiotic.

What seems more important to me is that your analysis didn't even mention the trillions just created out of thin air over the last year.

The Fed prints money constantly and maybe even unjustifiably as well ok. I'm not the arbitrer of truth here on what the Fed can and can't do. They print trillions because were trillions in debt. Playing outside baseball with crypto doesn't lead to anything longterm benefical for the country on a whole. Point is eventually were gunna hit hyper inflation (supposedly) and when that happens, or if it happens, your going to end up with a worthless dollar. Again, if it happens. They've been talking about this for well over a decade now. The point is crypto is tied to the globalist agenda and your losing by playing it. Even though the Fed and wealth is hyper centralized your better off changing national laws at some point than you are to throw out your currency altogether. Like I already said, central banks are going to take over the game of crypto, they're going to take the market. All of thse cryptocurrencies are going to fall out and we'll be left with digital dollar and XRP. Do I want this? No of course not. But by playing the crypto game youre giving banks more and more of an incentive to wipe out paper money. You don't want digital dollar, trust me, that's not good for anyone. If you think the wealth is hyper centralized now and that crypto helps the 'little man', just wait until there's digital dollar, you will have secured you're slavery. Overall the point here is crypto gives banks more and more of an incentive to go to digital dollar and when or if hyper inflation ever occurs they'll quickly take advantage of that and replace everything with digital dollar. Crypto is NWO scheme, is everyone here down with the WEF then? When you have a 'currency' which isn't tied to a nation the nation loses out on profits. It's globalism 101.
 

BillMcNeal

Sparrow
Ha. Yeah using the authority on the topic of money is such a dumb idea, right, right?

The point was/is about generating wealth, apparently you missed it or I didn't describe it clear enough. What wealth is crypto generating? You drive up the prices but you're left with nothing, it's idiotic.



The Fed prints money constantly and maybe even unjustifiably as well ok. I'm not the arbitrer of truth here on what the Fed can and can't do. They print trillions because were trillions in debt. Playing outside baseball with crypto doesn't lead to anything longterm benefical for the country on a whole. Point is eventually were gunna hit hyper inflation (supposedly) and when that happens, or if it happens, your going to end up with a worthless dollar. Again, if it happens. They've been talking about this for well over a decade now. The point is crypto is tied to the globalist agenda and your losing by playing it. Even though the Fed and wealth is hyper centralized your better off changing national laws at some point than you are to throw out your currency altogether. Like I already said, central banks are going to take over the game of crypto, they're going to take the market. All of thse cryptocurrencies are going to fall out and we'll be left with digital dollar and XRP. Do I want this? No of course not. But by playing the crypto game youre giving banks more and more of an incentive to wipe out paper money. You don't want digital dollar, trust me, that's not good for anyone. If you think the wealth is hyper centralized now and that crypto helps the 'little man', just wait until there's digital dollar, you will have secured you're slavery. Overall the point here is crypto gives banks more and more of an incentive to go to digital dollar and when or if hyper inflation ever occurs they'll quickly take advantage of that and replace everything with digital dollar. Crypto is NWO scheme, is everyone here down with the WEF then? When you have a 'currency' which isn't tied to a nation the nation loses out on profits. It's globalism 101.
You're not wrong, but I approach the next steps completely differently. Legit or not, Trump lost. Globalists won. Living to fight another day is a now very real thing. You can either do that with a big stack of chips to do good, or be ideologically "pure" and have nothing to better yourself and your loved ones. Considering the worst cases, it could be the difference between going to camps vs. buying your way out, being forced to take the vaccine vs. not, etc. Make no mistake the worst is coming. What tools you'll have to survive is the only question.
 
You're not wrong, but I approach the next steps completely differently. Legit or not, Trump lost. Globalists won. Living to fight another day is a now very real thing. You can either do that with a big stack of chips to do good, or be ideologically "pure" and have nothing to better yourself and your loved ones. Considering the worst cases, it could be the difference between going to camps vs. buying your way out, being forced to take the vaccine vs. not, etc. Make no mistake the worst is coming. What tools you'll have to survive is the only question.
This is 100% my approach. We're in a point in time where anybody to the right of Pelosi is going to be classified as a domestic terrorist. I've read predictions from this forum and others guns are going to get banned and IMO the latest that will happen is end of the decade. The wildcard in the bans is 3D printing technology is advancing all the time but I don't think a majority of conservatives know how to operate 3D printers or in some cases the basic idea that technology advances. And no I don't see conservatives fighting until they're getting carted away into work camps a la Gulag Achipalago. Everybody was pounding their chest over Antifa, the election, masks, yet nobody has any solutions for the elite that are more likely than not getting their marching orders from their paymasters. Imagine making a moderate amount of money and losing it when you have to clean highways for Biden's clean environment initiative.

I only speak for myself and crypto is one of my approaches to mitigating my risk. I still talk to some of the "bigots" I met from Trump rallies from 2016-2020 and everybody is getting ready for the worst. If I were to sell my crypto my return would be at least 40X what I invested. So no, I don't vehemently think crypto is a scam although I will accept it could hit $0 for various reasons. I seriously think and ponder about what I'm going to do to reinvest my gains once a week because I've never had this amount of money in my life. Should I go back to school? Should I look into franchising? Should I gradually shift to obtaining dual citizenship? I honestly appreciate the discourse @CERN even though I might not agree with everything you state.

Buffett is also known for not being big on tech with the rare exception of investing in IBM and Apple. For someone who supposedly reads all the time I find it strange. Technology is going to be the future and digital currencies will replace fiat.
 
If "Technology is the future..", I'm still waiting for flying cars to show up. Where's my flying car, huh? Been waiting for that since the '60s. George Jetson had his household robot and his treadmill to walk Astro! We got those now, but where is my flying car dammit? :D
 

CERN

Pigeon
Buffett is also known for not being big on tech with the rare exception of investing in IBM and Apple. For someone who supposedly reads all the time I find it strange. Technology is going to be the future and digital currencies will replace fiat.
Don't get me wrong, I'm not a capitalist ideologue who thinks capitalism cures all ills, cuse it doesn't. But spreading the wealth around the world via crypto is that not what a globalist would want?

Buffett and Musk are both billionaries as we all know, but one is obsessed with crypto and the other isn't which is worth acknowledging. Capitalism and democracy are neither perfect nor completly sound but you have to work within the framework of reality. In other words be realistic with how were suppose to generate wealth as a country and or as a world. Crypto would have you believe money grows on trees and is in unlimited supply, which is not much different than how the Federal Government currently seems to be viewing money either by printing trillions, yet at least one of those two has some real legality and implications whereas the other is a get rich quick scheme.

I'm in the same boat as everyone else, you have the hyper wealthy overlording the masses because wealth is hyper centralized, the way around this is as I already indicated; more anti-trust regulations and break up all monopolies and actually start producing stuff here. Doing that alone you save the U.S. and probably would pay back much of the debt believe it or not. Overall though even though the odds are stacked against the everyman what has to happen is a drastic cultueral shift away from consumerism and towards production, in other words we need to actually start making our goods instead of importing, until that happens we'll be handtied to China and the rest of the world. It's easy to sit back and complain about how conservatives lost and the oligarchs 'have everything' etc and go lonewolf but again, be realistic. We have to work within the framework given to us, imagining differently isn't an option, be realistic.

"Technology" isn't the 'future' - that is basically like the ultimate lie the hyperwealthy spew to everyone. We don't need 'more' technology, we simply need more production and more jobs. If you haven't noticed the job market is not great. We have tons of useless service jobs and because we don't manufacture anything we have an entire workforce who thinks they need a degree to be specialized even though the market is flooded with degrees and has been for a while now. Technology isn't going to save you, it's doing the opposite.

We can't hand the reigns over to the hyperwealthy anymore than we already have ok. How do you stop their massive overlording? Don't buy Amazon, don't buy Apple, don't by Microsoft, etc. You have to literally stop buying into their system of control. Crypto gives the illusionary appearance of a way out, but it's not, it's a lose-lose game being orchestrated by silicon valley elites.

Again, we win by beating them at the game, which means you don't consume their trash, you consume your trash.

What do I mean? I mean we need to make our own garbage, stop global imports is #1. Pour our effort into harvesting raw materials is #2. And #3. is in the process we break up all monopolies.

You want to know what's a monopoly? Big box retailers; i.e. Wal-Mart. Most people don't consider Wal-Mart a monopoloy, but that's what it is. Infact silicon valley obsessivly pushes the monopoly agenda. Go read peter thiel's book zero to one, startups are encouraged and so is every other entrepreneur to make a literal monopoly. You might think,"Monopolies aren't allowed, thats illegal!" You would think so, but they're everywhere and they are the prime reason wealth is hyper centralized. The reason were in this mess is because of centralizing everything, which is the wrong answer.

We have massive distribution across the U.S. which is point #4. Stop mass distribution. Why is that an issue? Because it destroys the economic equilibrium inherhent to locations. Why is Amazon the biggest company in the world? Because it's essentially operating like a government instituion and doing what the post office should've done. The U.S. and the rest of the world put all of their cards into Amazon and distribution which is one of the number one problems with the current global market.

#5. How do you revert the gloablist mess? Enforce anti-trust to the utmost degree.

Here's the deal ok, think about Wal-Mart for a moment. Everything in that store should be manufactured in that city, at very most in that state. "It's too expensive to manufacture locally!" - This is a common complaint which is why were in this mess. Everyone wants everything cheap and so no one wants to make anything. The reality is if you actually manufcatured everything locally which went into that Wal-Mart you'd have generated a ton of jobs and ton of wealth which would in the longterm would mean more money in your pocket and therefore less expensive goods. Again, one of the main problems is distribution, we shouldn't be doing it on the massive scale that we are.

Wal-Mart is a monopoly, by breaking it up and forcing the local community to actually resolve it's own problem, which is,"We want all of these goods" then we need to actually make them. Starting a buisness can be increidblly expensive depending on what you're making and the market is already broken in a sense, small buisness can't compete and as of last year many have been decimated and wiped out in the process. Again, the solution is anti-trust regulation to the extreme and using legality against them.

There's not many other options other than changing the laws to suit the citizen producers. Culturally we can all stop consuming from predatory buisnesses, but ultimately there has to be some legal ramifications at some point. Throwing your cards in with crypto thinking it's playing 'outside' their game is as I've already indicated a fools errand and your being misled if you're doing that.

Consumer culture isn't the answer and I don't believe producing goods just to produce them is smart or wise, but the market is what it is, it's not going to change overnight.
 
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Blade Runner

Pelican
I'm definitely more patriotic/boomercon compared to most here but how exactly is investing in crypto somehow selling out your country? I want the United States to succeed, but I also a) want my family to be able to survive with a reasonable quality of life if its currency tanks and b) would like to build independent generational wealth in order to free myself from the globohomo corporate system, and right now smart crypto investing is one of the best ways for men under about 50 or so to do that.
It's the dumb Mike Green argument that only the elites who are already on a pedestal hope you buy. As if you care about them losing their positions next to the money printer? It's quite ignoble when you really think about it, and I like Mike Green a lot otherwise. But he suggests that we should listen when the truth is, all these "financial leaders", have been selling us out since the 1990s at least. Where were they then when rapid monetary and social degeneracy could have at least been curtailed a bit, but instead got further nudges from these types? Give me a break. Now more people who took on the risk of escaping an utterly corrupt system should care about a new cohort (of which they are included) getting wealthier? Fuck off. It's the classic problem with the elites.
 

Blade Runner

Pelican
Overall the point here is crypto gives banks more and more of an incentive to go to digital dollar and when or if hyper inflation ever occurs they'll quickly take advantage of that and replace everything with digital dollar. Crypto is NWO scheme, is everyone here down with the WEF then? When you have a 'currency' which isn't tied to a nation the nation loses out on profits. It's globalism 101.
This could be the eventual case, but you keep repeating something I don't think you have evidence for, which is "crypto is an NWO scheme". The way I see it, the globalists were front run by something that was coming anyway, but were too incompetent to see that they were holding the bag and too proud in acting like it wouldn't go anywhere.

What profits are we losing on? The ones going to the elites, the world over? Give me a break. It's not a currency anyway, just a sound asset class. The soundest money, but no, not a currency.

Finally, how do you claim the USD has value and bitcoin doesn't? It's actually a crazy assertion. I don't have a problem with the USD for now, but it's clear where it is going, and that is in the OPPOSITE direction of BTC. Buffet says bitcoin can't send me checks? I disagree. It will, precisely because it is an innovation needed now that is more scarce and frankly, more reliable in many ways than what you believe conventially should pay you. As a result, I will draw off of it in many, many ways that will be income producing. Sorry, Buffett is wrong here, just like he is right 99% of the time on "gold", but in times of stress and madness, he'll be wrong 1%. Yup, that's now.
 

CERN

Pigeon
I'm definitely more patriotic/boomercon compared to most here but how exactly is investing in crypto somehow selling out your country? I want the United States to succeed, but I also a) want my family to be able to survive with a reasonable quality of life if its currency tanks and b) would like to build independent generational wealth in order to free myself from the globohomo corporate system, and right now smart crypto investing is one of the best ways for men under about 50 or so to do that.
Those are honest concerns but from my understanding crypto messes with the national economic equilibrium inherhent to locations. I don't claim to be an economist or financial advisor ok, so I suggest do your research first and foremost if you're truly concerned. Generally speaking the economic equilibrium is," [...] a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change." Basically everytime you insert a variable outside of the equilibrium you're wrecking the natural ebb and flow of how supply and demand is suppose to operate. Not only does imported goods wreck the natural equilibrium by themselves, but a currency with no direct ties to that locations production destroys the equilibrium even more.

Think of it this way, if you were paid in the U.S. not in U.S. dollars but in Japanese Yen, and more and more buisnesses started to do this, how long could we expect the dollar to last for, forever? That's unlikely. They have different 'worth' based on their locations, that's the whole point.

If you make a huge profit in your country and then go and blow that in a seperate one you've effectively taken wealth generated in one location and evaporated the earnings. When money goes in and goes out it's indicative of the supply and demand. When you take one of those away you've ruined the equilibrium.

As far as wanting your family to survive, again, that's an honest concern, but I wouldn't bank on crpyto as a longterm finciancial plan for your family, not at all. Again, I'm not an economist, I'm just a random guy who studies this stuff, so take it with a grain of salt. Regardless longterm I wouldn't bank on it. If you feel you 'must diversify' go right ahead, but there's smarter longterm options out there in my opinion.

"Smart crypto investing"? I don't agree wtih that premise. Again, I'm not like some huge advocate of capitalism and the free-market, but you have to be realistic and work within the system we've been handed. Crypto is young and there's no telling what's going to happen to it even in 2-3 years let alone 'generations'.

Not sure what you mean by independant wealth, but generally speaking if you wanna 'diversify' go right ahead, who am I to tell you how to spend your hard earned money, but realize crypto has dirty hands and I dont' think it's a smart longterm approach. Musk is an actor ok, realize that bitcoin has zero value and the only way you can get rid of your crypto is by 'hyping' it up, otherwise your stuck with nothing. It's a digital hot potatoe basically, they're only good in the moment when everyone is delusionally riding the waves of they're appeal, but ultimately not something to waste actual money on in my opinion.
 
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CERN

Pigeon
This could be the eventual case, but you keep repeating something I don't think you have evidence for, which is "crypto is an NWO scheme".
WEF + XRP = NWO.
What profits are we losing on? The ones going to the elites, the world over? Give me a break. It's not a currency anyway, just a sound asset class. The soundest money, but no, not a currency.
Ok, so you're one of these guys on the bandwagon of "oh the elites have screwed us, let's do anything and everything to make a buck", correct? I guess you didn't read anything I wrote. If every person has that mindset you undermine any value the national currency has and you quickly fall into hyper inflation. I already explained my position for how the economy should actually be operating which invovles massive anti-trust regulation among other things, but again, you (like every other average man in the U.S.) who isn't a multi-millionaire or billionaire your complaints are valid ok, I don't disagree with your complaining about the ultra wealthy, but you have shortterm blinders on and want everything to go to hell just to stick it to them, which is stupid and the wrong approach. I'm not going to write it all out again, but I've made a a basic case outline for an alternative, what's your alternative to the globalist solution, do you even have one? Or do you just want to do anything and everything to break the national currency?
 
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